Lot 64 - Lily Banks - Cranbourne East
Cranbourne East, Melbourne, VIC, 3977$ 697,191
- House and Land
- Property Type
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Cars
- 112
Details
Updated on Jun 18, 2026
| Property Type: | House and Land |
|---|---|
| Price: | $ 697,191 |
| Land Price: | $ 335,500 |
| Build Price: | $ 361,691 |
| Gross Per Week: | $ 608 |
| Gross Per Annum: | $ 31,616 |
| Gross Yield: | 4.53% |
| Capital Growth 12 Months: | 8.87% |
| 10Yr Annualised Growth: | 7.54% |
| Vacancy Rate: | 0.01% |
| Property Size: | 112 m2 |
| Land Area: | 196 m2 |
|---|---|
| Bedrooms: | 3 |
| Bathrooms: | 2 |
| Parking: | 1 |
| Title Status: | N/A |
| Property ID: | 28307 |
| SKU: | 1001 |
| Sold: |
Forecasted value over 20 Years
Forecasted value is based on the 10 Year annualised growth.
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Cranbourne East is a rapidly growing residential suburb located about 45 km south-east of Melbourne’s Central Business District in the City of Casey local government area. It has become one of Melbourne’s major growth corridors, with a population of around 24,600 residents and continuing development of housing estates and community facilities.
The suburb is known for its family-friendly environment, modern housing estates, and access to schools, parks, and shopping areas. Many young families and first-home buyers move to Cranbourne East because property prices are generally more affordable compared with inner Melbourne suburbs. Large homes with multiple bedrooms are common, reflecting the suburb’s strong appeal to growing families.
Cranbourne East also offers several amenities and recreational facilities. The Casey Complex and Casey RACE (Recreation and Aquatic Centre) provide sports grounds, a gym, and aquatic facilities including a 50-metre swimming pool. The suburb is close to major attractions such as the Royal Botanic Gardens Cranbourne and shopping centres in nearby Cranbourne.
In terms of transport, the area is mainly car-dependent, although buses connect residents to nearby train stations and surrounding suburbs. Future infrastructure projects, including a planned extension of the Cranbourne rail line toward Clyde, are expected to improve public transport access and support the suburb’s ongoing growth
Address
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Investment property news
Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.
SMSF Single Contract